A total of 44 Private Equity/Venture Financing deals (pending and completed) were announced in Australia, driven by Artificial Intelligence, in the last twelve months resulting in a total deal value of over $708.6 million. In the LTM period, September 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $323.4 million, resulting in an average deal value of $80.9 million during that month. On the other hand, the month of June 2021 was the most prolific in terms of deal volume, recording a total of 7 deals, resulting in an average deal value of $3.4 million during that month.
Of the 44 deals, the deal secured between AirTree Ventures Pty Limited; Bessemer Venture Partners; Blackbird Ventures; Dragoneer Investment Group LLC; Felicis Ventures LLC; Franklin Resources Inc; Greenoaks Capital Management LLC; Sequoia Capital Global Equities; T. Rowe Price Group Inc and Canva Pty Ltd, was the largest Private Equity/Venture Financing deal in the Australia, which was valued at $200.0 million and was completed on September 15, 2021. The second-largest deal was between Blackbird Ventures Pty Ltd; Horizons Ventures Ltd; I-MED Radiology Network Ltd; Skip Capital; Sonic Healthcare Ltd and Harrison AI Pty Ltd, while the third-largest deal was between G Squared; Sompo Holdings, Inc. and Cover Genius Pty Ltd. The Blackbird Ventures Pty Ltd; Horizons Ventures Ltd; I-MED Radiology Network Ltd; Skip Capital; Sonic Healthcare Ltd-Harrison AI Pty Ltd deal and the G Squared; Sompo Holdings, Inc.-Cover Genius Pty Ltd deal were valued at $97.0 million and $72.5 million, respectively. The fourth-largest deal was between CSIRO Financial Services Pty Ltd; Horizons Ventures Ltd; JAADE Australian Private Assets Fund-Prospection Pty Ltd valued at $45.0 million, whereas the deal between Mark Carnegie-Chrono.tech valued at $30.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $444.5 million and accounted for nearly 62.73% of the total deals (by value) announced during the last twelve months.
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